Chinese group pays $46M for downtown Bellevue development site

Beacon Capital Partners on Friday sold a 3-acre downtown Bellevue development site for $45.9 million to a Chinese group that already owns a large adjacent property.

The latest acquisition gives Plus Investment USA control over about half the block on the south side of Northeast Eighth Street between 108th and 110th avenues northeast. A year ago, Plus paid $30 million for the Bellevue First Congregational Church property on the west end of the block.

Public records list the buyer of Beacon’s property…